Press Release - Prevail Alternative Assets adds
high-end apartments to its growing portfolio

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Prevail Alternative Assets adds high-end
apartments to it’s portfolio

A fast-growing Leawood real estate investment firm’s latest acquisition has pushed its portfolio to almost a half-billion dollars in about four years.

With the purchase of a 288-apartment, high-end multifamily property in the Houston area, Prevail Alternative Assets now has $413 million in assets. The acquisition of Vantage at Tomball, in one of Houston’s fastest-growing suburbs, was done with ClearWorth Capital. Prevail holds $11 million of equity in the facility.

The $42.5 million complex was constructed in 2022 and purchased for less than the replacement cost. It’s a 10-minute drive from big employers such as ExxonMobil and Hewlett-Packard, top national retail brands and 20 restaurants. It’s also in the Klein Independent School District, a highly regarded choice for families raising children.
“The rapid expansion of Houston’s northwest corridor presents a unique opportunity for our investors,” Prevail Alternative Assets CEO Kerry Lawing said in an email statement. “With significant job growth, increasing corporate presence and rising demand for high-quality housing, Vantage at Tomball is well-positioned to deliver strong returns while providing an outstanding living experience.

Read the article: Article on KC Business Journal »

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